Do Ebay stores make money selling overpriced cards?

[HRBAKER]

Originally Posted by ksabet

Except be careful with seller "yepbg" he doesn't like when you do this and will ban you from bidding as well as berate and ridicule you. I mean when a card has averaged $430 over its last ten sales, his $1200 asking price is perfectly reasonable right?

Is that a real seller? I thought it was a beta test seeking deranged compulsive buyers.

[calvindog]

Yeah, he's actually the worst, his prices make Levi blush. Smart guy. He should give the underwear gnomes in South Park some business advice.

Phase 1: Collect Underpants
Phase 2: ?
Phase 3: Profit

[T206Collector]

"I think that most of these "buy it now" listings are collectors that really don't want to sell their cards, but would be convinced to sell at a really high price only."

While I have certainly seen that, most of the time the sellers are more than happy to take less than asking and sell offline without having to incur ebay fees.

I take high BINs with a grain of salt, as just the "starting" asking price.

[JasonL]

their wares for the cost of the listing price, and will gladly sell offline for a fraction of the list...not sure why they bother with such outrageous BINs, though....the unreasonable ones, well...hard to say what is wrong with them.

[BobbyVCP]

I see people all the time pull the trigger and buy one of these very overpriced cards daily. They are people that either don't care or have no clue. So until these people wise up and stop buying them then they will continue to be there.

[Peter_Spaeth]

When you have 10,000 plus cards, as some ebay sellers do, it doesn't take too many price inelastic, or impatient, or misinformed, buyers to generate a little cash flow. I suppose one can question the ethics of a business model premised on taking advantage of people (and I suppose one could question whether that is a fair description), but it obviously works.

[HRBAKER]

Peter one could argue that no seller has an obligation to protect a buyer from himself.

[nebboy]

(((I think that most of these "buy it now" listings are collectors that really don't want to sell their cards, but would be convinced to sell at a really high price only.)))

http://cgi.ebay.com/1926-Sports-Co-o...item518e56dd29

This is a great example of a High BIN but the 1926 Sports Co of America CHAMPIONS Uncut Proof Sheet++ is a really nice item and has great papers, and story to go along with it.
Worth a look!!!!!!!!!!!!!!!!!!!

[drc]

I don't see how having people question your sanity is good for sales. "Are you mentally deranged?" and "On what planet were you born?" are not things you want to hear from potential customers as they browse your sales listings.

[Bridwell]

Those super high buy-it-nows remind me why I stopped going to card shows. The last few shows I've attended in Texas had very few pre-war cards, and the prices were sky high. For example, common VG T206's for $200??? I can't imagine offering someone $30 for something marked $200.

But on Ebay, I've offered 50% of the BIN and bought a few items. I guess I'm willing to toss in an offer and get shot down sometimes, since it's not face-to-face.

[3and2]

It would be interesting for someone to watch approximately 25 items in "My eBay" from a person's eBay store and see how many items they sell at a high "buy it now" price over a 30 day period and get back w/ us w/ their findings.

-Anthony